New Delhi, Feb. 20 -- Demand for safe-haven asset gold is on the rise at a time when there's a lot of uncertainty surrounding the US trade policy because of the Donald Trump administration's aggressive reciprocal tariffs.

Spot gold hit a record high of USD 2,943 per ounce and Comex gold USD 2968 per ounce. The gold prices have inched up by about USD 300 over the past month or 11 per cent on a cumulative basis, hitting multiple fresh highs.

Investors typically turn to bullion when market uncertainty in looming, hoping for a stable return from the safe-haven assets.

Gold is heading towards USD 3000 per ounce and likely to cross USD 3080 in the January-March quarter of 2025, financial advisory firm Ventura Securities said in a note.

The ...